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Given that the contract is based on 6500 pounds what is the

Question - Use the CME as a reference on 6/3/2016. If you purchase a British pound futures contract with the closest settlement date, what is the futures price? Given that the contract is based on 6,500 pounds, what is the dollar amount you will need at settlement to fulfill the contract?

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Accounting Basics: Given that the contract is based on 6500 pounds what is the

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